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Cowen Cuts FedEx Price Target By ~5%

Cowen Cuts FedEx Price Target By ~5%

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Cowen analyst Helane Becker lowered FedEx Corp’s (NYSE:FDX) price target to $283 (implying an upside of 27%) from $297 and maintained an Outperform rating on the shares.  Becker noted that FedEx recently reported disappointing quarterly results, although revenues were up 13.9% as e-commerce demand grew.

...read full article on Benzinga

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